Navigation Links
KitoTech Medical Announces Completion of $3M Convertible Note Financing
Date:9/1/2020

KitoTech Medical, a Seattle-based medical device company, announced today that it has completed $3 million convertible note financing, which will be used to accelerate the commercialization of its microMend® family of wound closure products.

With the funds from this financing, the company will continue to expand its customer base of healthcare systems as well as independent hospitals and clinics. In addition, KitoTech will use the proceeds to support the entry of microMend into new markets, including surgical specialties, orthopedics, obstetrics and gynecology. The company will also be supporting commercial efforts behind its consumer products, which have shown remarkable sales growth since their market introduction in May 2020.

“KitoTech has made excellent progress over the past year in bringing its microMend products to market. It has been adopted by some of the leading healthcare networks in the country. Physicians have been impressed with the product and hospitals and clinics are pleased with the cost savings using microMend compared to other wound closure products,” says Dr. Ronald Berenson, President and CEO of KitoTech Medical. “With this financing, we look forward to providing microMend products to an increasing number of healthcare providers and facilities. We will also take the opportunity to use some of the funding to expand our line of consumer products and to move into new retail market channels.”

About microMend®

microMend consists of an array of miniature stainless steel staples (Microstaples) attached to an adhesive backing that combines the holding strength of a suture with the simplicity of applying a bandage. It is designed to provide medical personnel with a cost-effective, time saving and easy-to-use option for closing lacerations, skin tears, surgical incisions, and other wounds. microMend’s consumer products make it possible for people to close lacerations at home, in the outdoors or elsewhere without the inconvenience and costs associated with ER and Urgent Care Clinic visits.

About KitoTech Medical

KitoTech Medical is a medical device company spun out of the University of Washington that is using its patented Microstaples Technology platform to develop and commercialize products for wound closure and wound care. Additional product and company information can be found online at http://www.micromendskinclosure.com.

Read the full story at https://www.prweb.com/releases/kitotech_medical_announces_completion_of_3m_convertible_note_financing/prweb17360613.htm.


'/>"/>
Source: PRWeb
Copyright©2020 Vocus, Inc.
All rights reserved


Related medicine news :

1. Get Legal Portland Medical Marijuana from The Aurora Clinic
2. Portland Medical Marijuana Clinic Launches Blog
3. KidsCareEverywhere Brings the Latest Medical Information to Developing Countries
4. Victory Medical Center Beaumont Celebrates 1000th Surgery
5. New Medical Office Building to Provide Care Closer to Home
6. Potential for added medical benefits uncovered for widely used breast cancer drug
7. Medical Tourism Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
8. Transvaginal Mesh Lawsuit News: Bernstein Liebhard LLP Notes Issuance of New Orders in Federal Litigations for Ethicon, American Medical Systems Lawsuits
9. Ozarks Medical Center Retains B. E. Smith to Recruit New CEO
10. Medical Disposables Market (Drug Delivery, Wound Management Products, Non-Woven Medical Disposables) – Global & US Industry Analysis and Trends To 2018
11. Victory Medical Center Houston Named Top Workplace
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/31/2020)... ... 2020 , ... Cardiothoracic surgeons at Allegheny General Hospital (AGH), ... University (CMU) to develop a new heart monitoring device designed to serve as ... The AGH/CMU team was recently awarded a “Trailblazer” grant from the National Institutes ...
(Date:8/31/2020)... ... August 31, 2020 , ... ... N95 face masks to medical first responders across the United States. Since the ... of personal protective equipment (PPE) medical centers , hospitals , ...
(Date:8/31/2020)... ... August 31, 2020 , ... Colorado State ... high-quality, career-relevant, and affordable online education – is proud to announce its new ... the first of its kind in the nation, the 60-credit hour program is ...
(Date:8/31/2020)... ... 2020 , ... A Cure for Covid-19 “PTS” with Mediation & Hypnosis , At this ... state of panic, experiencing deep anxiety, immense stress, and right now are needing serious relief ... most people on the planet are experiencing a great degree of emotional discomfort, be it ...
(Date:8/31/2020)... ... August 31, 2020 , ... Bonde Innovations, LLC, a ... advanced heart failure, today announced that the company has been awarded a Phase ... the National Heart, Lung, and Blood Institute of the National Institutes of Health ...
Breaking Medicine News(10 mins):
(Date:8/27/2020)... ... August 27, 2020 , ... InfoMC, a leading provider of ... their 2020 System and Organizational Controls (SOC) 1® Type 2 and SOC 2® ... assessment. These achievements reflect their long-standing commitment to privacy, security, and risk management, ...
(Date:8/27/2020)... ... , ... The flu season is right round the corner and the risk of getting caught ... measures before it begins to harbor its effects on us. Already with the sudden outbreak ... impact on our lives. Hence it has become even more relevant to keep oneself immune ...
(Date:8/27/2020)... ... , ... Trella Health, the leading source of provider referral ... marketing automation, and contact center solutions for senior living communities and post-acute care ... intelligence data and insights into Enquire’s CRM solution to serve as a powerful ...
Breaking Medicine Technology: